Chemed Corp Stock Forecast
Red day on Monday for Chemed Corp
(Updated on May 13, 2024)
The Chemed Corp stock price fell by -1.12% on the last day (Monday, 13th May 2024) from $575.24 to $568.79. During the last trading day the stock fluctuated 1.25% from a day low at $568.77 to a day high of $575.89. The price has risen in 6 of the last 10 days and is up by 0.4% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -67 thousand shares and in total, 55 thousand shares were bought and sold for approximately $31.30 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.57% during the next 3 months and, with a 90% probability hold a price between $518.17 and $582.41 at the end of this 3-month period.
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CHE Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 1.63%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Chemed Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $571.99 and $603.16. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Chemed Corp stock
Chemed Corp finds support from accumulated volume at $568.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $7.12 between high and low, or 1.25%. For the last week, the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CHE) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Chemed Corp to open at $571.15, and during the day (based on 14 day Average True Range), to move between $557.88 and $579.70, which gives a possible trading interval of +/-$10.91 (+/-1.92%) up or down from last closing price. If Chemed Corp takes out the full calculated possible swing range there will be an estimated 3.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $568.00 (0.14%) than the resistance at $573.34 (0.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Chemed Corp stock A Buy?
Chemed Corp holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.330 Sell Candidate Unchanged
Predicted Opening Price for Chemed Corp of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| $571.15 ( 0.415%) | $568.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 578.27 | 1.67 % | |
| R2 | 575.55 | 1.19 % | ||
| R1 | 573.87 | 0.89 % | ||
| Current price: | 568.79 | |||
| Support | S1 | 568.43 | -0.0633 % | |
| S2 | 566.75 | -0.359 % | ||
| S3 | 564.03 | -0.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 628.84 | 10.56 % | |
| R2 | 575.24 | 1.13 % | ||
| R1 | 573.34 | 0.80 % | ||
| Current price | 568.79 | |||
| Support | S1 | 568.00 | -0.139% | |
| S2 | 566.51 | -0.401% | ||
| S3 | 560.42 | -1.47% |
CHE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 23, 2024 | Feb 23, 2024 | Feb 23, 2024 | $0 | 0% |
| 2 | Nov 03, 2023 | Nov 10, 2023 | Dec 04, 2023 | $0.400 | 0.0691% |
| 3 | Aug 04, 2023 | Aug 11, 2023 | Sep 05, 2023 | $0.400 | 0.0800% |
| 4 | May 15, 2023 | May 24, 2023 | Jun 14, 2023 | $0.380 | 0.0706% |
| 5 | Feb 17, 2023 | Feb 24, 2023 | Mar 17, 2023 | $0.380 | 0.0738% |
FAQ
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